Hospitality in North Yorkshire available for sale
6

Hospitality Properties for Sale in North Yorkshire

Explore the Latest North Yorkshire Hospitality Properties for Sale

More details for 8 Bridlington St, Hunmanby - Hospitality for Sale

Southgate Bed and Breakfast - 8 Bridlington St

Hunmanby, YO14 0JR

  • Hospitality for Sale
  • £650,000
  • 3,835 sq ft
See More
More details for Thornton Le Beans, Northallerton - Hospitality for Sale

Crosby Hotel - Thornton Le Beans

Northallerton, DL6 3SW

  • Hospitality for Sale
  • £425,000
  • 6,635 sq ft
See More
More details for Main St, Weaverthorpe - Hospitality for Sale

The Star Inn - Main St

Weaverthorpe, YO17 8EY

  • Hospitality for Sale
  • £420,000
  • 4,800 sq ft
See More
More details for Freehold Ground Rent 'Choice Portfolio' – Hospitality for Sale

Freehold Ground Rent 'Choice Portfolio'

  • Hospitality for Sale
  • £15,300,000
  • 158,390 sq ft
  • 3 Hospitality Properties

Portfolio of properties for Sale - Wakefield

**Freehold ground rent investment, benefiting from c.121 years of contracted, RPI-linked ground rent income. The hotels are fully occupied and operated by the tenant under long-dated ground rent leases.** Portfolio Summary • Ground rent portfolio comprising three assets let to EC4 Hotel Limited (subsidiary of Choice Hotels Limited) • The three hotels are well located in Harrogate, Huddersfield, and Wakefield • All leases commence 1st November 2017 for a term of 125 years providing over 121 years to expiry (expiring 31st October 2142) • Total passing rent of £489,819 p.a. • The ground rent reflects a blended EBTIDA to rent cover ratio of c14% off forecasted stabilised • All assets are held Freehold • The rent is subject to upwards only 5 yearly, RPI rent reviews, collar and cap of 0%-4% with the next review in November 2022 • All assets are underpinned by VP and alternative use values • Rent has continued to be paid in full throughout the Covid 19 Pandemic The vendor is seeking offers in excess of £15,300,000 (Fifteen Million and Three Hundred Thousand Pounds) reflecting a net initial yield of 3.00% after purchaser’s costs of 6.70%. A purchase price at this level represents a very low average price per key of £42,265 which is less than VP or build cost. Reversionary yield of 3.40% following the review in 2022 assuming RPI growth of 2.5% p.a. At the quoting price, the net income generated from the hotels would reflect a yield of c21% off forecasted stabilised.

Contact:

Kimmre

Date on Market:

06/03/2025

Hide
See More
1-6 of 6

FAQs about North Yorkshire Hospitality Properties For Sale

Learn More
How many Hospitality Property listings are available for sale in North Yorkshire?
There are currently 6 Hospitality Properties on the market in and around North Yorkshire.
How much does it cost to buy Hospitality Property in North Yorkshire?
Asking prices in North Yorkshire range from £48 to £221, with a median of £106. Price depends on size, tenure and condition.

Discover More Hospitality Properties for Sale in the North Yorkshire

LoopNet - the worlds No. 1 commercial property marketplace.